Wirehouse advisors

Wealth management is now one of five divisions in the firm's simplified organization.

Barry Sommers comes in for high praise amid his firm's attempts to move beyond the banking scandals of its past.

A lawyer says the industry has been on notice at least since the "Boom Boom Room" scandal of the 1980s that hostile workplaces won't be tolerated.

An industry report finds the largest independent brokerage, with its supported independence offering, had the biggest net headcount gain last year.

The wealth management giant sees piles of cash waiting "on the sidelines" as a way to boost assets under management and profit margin.

Debate still rages over his legacy. But there's no doubt about how much O'Neal overcame on his way to becoming the first Black Wall Street CEO.

A Republican running for the U.S. House accused the Wall Street powerhouse of violating its own rules by not letting her step aside to conduct a campaign. A FINRA panel agreed.

Brendan Krebs sees his firm as standing out with its three-pronged structure: a traditional wirehouse, branch-based advisory and an independent channel.

The Swiss firm reports strong asset inflows for the year but still struggles with low profit margins in the U.S.

Industry headhunters look for a revival of Merrill's recruiting efforts to stem the slow bleed of talent to industry rivals.

The chief executive's pay package comes after a year of high profits and strong stock performance.

The shuffling comes halfway through the longtime CEO's five-year retention package.

Helen Grace Caldwell told her employees about her side film hustle but neglected to add that her clients were helping her fund it.

Recruiters say the moves show how wirehouses will continue to fight an uphill battle as they struggle to keep experienced teams from moving on in the coming year.

Greg Wilson of the Wall Street giant's Asset & Wealth Management unit wants to provide employees with tailored plans using a blend of technology and personal financial coaching.

Industry recruiters see the changes as intended to make client assets and advisory teams "stickier" and to retain executive talent.

The banking giant's plans are an outlier in an industry that has been shedding jobs.

With few new advisors coming into the industry but total U.S. assets growing rapidly, Morgan Stanley, Wells Fargo, Merrill and others are having to up their compensation game and distinguish themselves in other ways if they want to capture a larger share of the wealth pie.

How the big firms compare with each other in their advisor headcounts, assets under management and other attributes.

The firm's wealth and investment unit contributed more than half of the Wall Street giant's profits and revenues for 2023.